Modifications etc. (not altering text)
C1Sch. 15 modified (21.7.2009 retrospective) by Finance (No. 3) Act 2010 (c. 33), Sch. 5 para. 36(2)
27(1)This Part applies where, for a period of account of the worldwide group to which this Schedule applies (“the relevant period of account”)—U.K.
(a)the tested expense amount (see Part 8), exceeds
(b)the available amount (see Part 9).
(2)In this Part the “total disallowed amount” means the difference between the amounts referred to in paragraphs (a) and (b) of sub-paragraph (1).